Purchase or Promote? What Michael Saylor’s Cryptic New Tweet Means for Bitcoin

Your complete notion round his Sunday posts on X has shifted.

Michael Saylor rattled the group cages on X as soon as once more with a cryptic submit containing a graph showcasing his firm’s numerous BTC purchases accomplished over the previous six years, with the textual content “What’s subsequent?”

Though many translated this message as a brand new trace that Technique has made a brand new bitcoin buy, the fact from the previous a number of weeks tells a distinct story.

What’s subsequent? pic.twitter.com/bNl0xX0obw

— Michael Saylor (@saylor) July 19, 2026

Purchase or Promote Subsequent?

The agency’s co-founder and former CEO has been publishing such posts for years. We did not pay a lot consideration to them earlier than, as they had been all the time adopted by a significant buy announcement on the following enterprise day. Nonetheless, this all modified a couple of weeks in the past when, as an alternative of bragging in regards to the newest bitcoin acquisition, Technique introduced its largest BTC sale so far by disposing of over 3,500 models.

The notion modified instantly. It got here only a week after the agency had launched the Digital Credit score Capital Framework to reinforce liquidity and long-term BTC publicity. The thought was easy – the agency had a USD reserve of $2.55 billion, which was sufficient to cowl 17.4 months of dividend funds. Nonetheless, it needed to lift that, and included potential BTC gross sales of as much as $1.25 billion to increase the dividend fee interval to over 25 months.

Saylor printed an identical trace final weekend, which led to no bitcoin transfer. As an alternative, Technique elevated its USD reserve to $3 billion by elevating funds by way of an at-the-market frequent inventory providing. All eyes have now turned to the world’s largest company holder of BTC, and hypothesis is operating wild about what tomorrow’s announcement will probably be.

113 Purchases

We referred to as them numerous above, however in truth the precise variety of purchases is 113 (we counted them slowly; hopefully we aren’t flawed). They began virtually six years in the past, and the agency has gathered 843,775 BTC since then after it ramped up its efforts following the 2024 US presidential elections and the promise of a friendlier regulatory setting.

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Regardless of the DCA technique, the corporate stays down on its main bitcoin guess, given the asset’s value correction over the past 9 months or so. The agency has spent roughly $64 billion to build up its stash, however its present worth is sort of $10 billion decrease. Which means that the corporate’s unrealized loss stands at round 15%.